if you get a more benign environment, that energy would burst forth. host: jkl tweets in, raising the top tax rate will not make a dent in the annual deficit. money gravitates to tax write-offs and crafted loopholes. guest: that is what you are seeing happening in europe when they are raising tax rates. lower the rates, get rid of these massive deductions, and you would see a cleaner code, a less corrupt code. host: valerie in new jersey on our line for democrats. caller: good morning. the more i listen to mr. forbes speak, i am reminded why the reasons why i have lately not been a consistent viewer of c-span anymore. they twist the truth. there is no integrity in what is said anymore. if you look at the record of spending -- mr. forbes mentioned mr. obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept them out of the budget, was not paying for them, so things looked good. in the first few years of the obama administr